We have seen this pair stalling around the MIDRANGE and now it has just broke out of a major trend line and rejected a key level in the market
Hey guys, just a quick update for the S&P 500 which closes right into the 127,2 % Extension area and therefore completing a bullish Gartley Pattern. I do not trade this one personally but thought it would be quite interesting to post this for you guys... When everyone is thinking about more downside, this is a nice pattern to go long and do the opposite. Stops...
It might very well be that Price will retrace after this recent impulsive Swing-Breakout. But... there is a more significant Swing-High Resistence waiting above + the RRR will be much better. Knowing that ABCD like movements often set up exactly like this: 1. Impulsive move "though" Highs/Lows 2. Some wedge or triangle consolidation 3. Another impulsive move for...
Full analyses on the chart Leave a comment for any questions
Hey guys, came across a nice bullish gartley pattern on $NZDUSD. Trade with your tested plan which should also include the optimal targets and stop loss level! Cheers.
Looking at the daily we see the the major swing highs come at the same price levels whereas the major swing lows are coming higher forming some kind of triangly. The firs swing low went as low as 88.6% of the the upmove. The second swing low is now resting at support at the 78.6% of the consecutive upmove. Price might bounce of here already however if it...
Break of the donwtrend line and pullback into the break out level. The recent break out of the swing highs indicate a bullisch trend
Looks like price is about to complete an Elliot-Wave #5 before it might reverse into a 3 wave downtrend move. The 1.3250's look like a decent area of multiple resistance for countertrend traders to take short entries. Break down of the 1.3250: *Uptrend channel - Price first overshot the channel then undershot. Which leads to the believe of a weakening of the...
Hey guys, besides the Gartley Pattern we also got a potential cypher pattern setting up lower. Trade your plan! Felix
This looks to be a good setup , if you are going to take this setup remember to risk responsibly.
Classic buying retracement strategy. Price runs into a 61,8% Fib resistance right at minor swing resistance levels. The previous swing low "break down" (pink support lines) indicates an intact downtrend. As of statistics I assume a 25% chance of profit and a 35% chance of loss. With a 2,5:1 Reward to Risk Ratio its a good deal.
Hey guys, went long on EURAUD H&S formation @1.4658 this morning.We recently hold an important strc. level and the 200 EMA. Remember to trade your plan!
After the Swing high breakout procie retraced almost to the 382 Fibonacci retracement level of th breakout move The downtrendline of the breakout now failed, price pulled back on that tredn line wihtout closing below. I am looking for a candlestich reverse pattern to get long
Buying pressure on the 15 minute after gapping up. Bulls are testing support and definitely could pop the resistance! Short term here for some quick gains. Moving averages all angled up and sellers aren't bringing it down. Very volatile... easy scalp here
Hey folks, I've found a bullish Bat Pattern on AUDNZD Daily Timeframe. I do not trade based of the daily timeframe but thought this one might be interesting to share with you guys. There is also a potential Head and Shoulders Formation which makes it even more interesting. If we break the neckline of the H&S then there are potentially more traders looking to go...
After 2 hit targets on the double bottom price now formed a Lorbeer Pattern Wait for candlestick pattern to confirm entry
The same set up is given on the Eurodollar but the Eurosterling provides a much better RRR
Breakout of daily swing high Pullback into Support RSI o/b condition + Divergence Double bottom